Started The Discussion:
Dear seniors,

am currently face a interview in which interviewers asked me a questions how am deducted the PF& ESI in the salary what formula use in excel l sheet in which automatically deductions of the PF and ESI of each employees in the salary .kindly pls told me the formula use ..

Dear Anjna, Find the attached herewith Excel sheet, hope this is helpful for you.
Attached FilesProvided by community member Amit Insha. Register to join your network of peers.
File Type: xls formula use in excell for the deductions of PF and ESI in the salary.xls (23.0 KB, 18443 views)
Dear amit, thanks a lot to share me my questions . am well understand in excell sheet . thanks anjna sharma
ommy thanks , pls tell me one thins that all deductions in gross salary or basic salary means basic salary gross salary and net salary what is difference between these thanks , anjna

if u don't mind then i think if u will discuss with me on phone then i can clear u more effectivly.

Basic Means it is decided by state govt. for workers and DA means dearness allowence. so toal basic means ( Basic+ DA)

gross menas his total monthly salary ( how many salary is made for per month) where part of salary is Basic, HRA, Conveyance, Education All. Special Allowence

Net menas after deduction of PF, Esic ( If Applicable) and other deduction as per company policy
Please review attached. Thanks,
Attached FilesProvided by community member M.Sayeed. Register to join your network of peers.
File Type: xls SALARY(1).xls (23.5 KB, 5775 views)
M.SAYEED AM UNDERSTAND G5 BUTin k5 which one digits come under and next things is that this : sign means divide thanks anjna
K5 - Is special allowanance 250rs, if employee work less days then it dedected, where K5 shows 234, which means employee is off for 2 days, rs 16 dedected. : = addition of multiple cell. Thanks
Is any Govt rule on Basic, DA & other allowance? who will get the Education allowance, Medical Allowance
Dear Sayeed In your attachment PF is been deducted only from Basic but it should be on total of Basic & DA. Kindly check it Regards


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